Trump Demands US Get Cut Of TikTok Sale [VIDEO]

Bloomberg News reports:

President Donald Trump said TikTok will have to close in the U.S. by Sept. 15 — unless there’s a deal to sell the social network’s domestic operations to Microsoft Corp. or another U.S. company. Trump also said the federal government will have to be paid a “substantial amount of money” as part of any deal.

“I don’t mind whether it’s Microsoft or someone else, a big company, a secure company, a very American company buys it,” Trump told reporters at the White House on Monday.

“Whatever the price is that goes to whoever owns it — because I guess it’s China, essentially, more than anything else — I said a very substantial portion of that price is going to have to come into the treasury of the United States.”

President Trump said he is open to Microsoft or another U.S. company buying TikTok, but wants the government to receive a portion of the sale price https://t.co/KDU0JaC1Bo

— The Wall Street Journal (@WSJ) August 3, 2020

BREAKING: President Trump says TikTok will “be out of business” in the U.S. on Sept. 15. “unless Microsoft or somebody else is able to buy it and work out a deal.”pic.twitter.com/G17PbWebfk

— Breaking911 (@Breaking911) August 3, 2020